Picton Mahoney Asset Administration acquired a brand new place in shares of Axos Monetary, Inc. (NYSE:AX – Free Report) throughout the second quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The agency acquired 2,894 shares of the corporate’s inventory, valued at roughly $166,000.
Quite a lot of different hedge funds have additionally lately added to or diminished their stakes in AX. Allspring World Investments Holdings LLC elevated its stake in shares of Axos Monetary by 15.3% within the 2nd quarter. Allspring World Investments Holdings LLC now owns 239,781 shares of the corporate’s inventory valued at $13,703,000 after buying a further 31,890 shares over the past quarter. Argent Capital Administration LLC elevated its stake in shares of Axos Monetary by 39.6% within the 2nd quarter. Argent Capital Administration LLC now owns 8,374 shares of the corporate’s inventory valued at $479,000 after buying a further 2,375 shares over the past quarter. Louisiana State Workers Retirement System elevated its stake in shares of Axos Monetary by 1.6% within the 2nd quarter. Louisiana State Workers Retirement System now owns 25,500 shares of the corporate’s inventory valued at $1,457,000 after buying a further 400 shares over the past quarter. SummerHaven Funding Administration LLC elevated its stake in shares of Axos Monetary by 1.6% within the 2nd quarter. SummerHaven Funding Administration LLC now owns 17,645 shares of the corporate’s inventory valued at $1,008,000 after buying a further 281 shares over the past quarter. Lastly, 1620 Funding Advisors Inc. purchased a brand new place in shares of Axos Monetary within the 2nd quarter valued at $49,000. Institutional buyers personal 83.79% of the corporate’s inventory.
Wall Avenue Analysts Forecast Progress
A number of equities analysis analysts lately weighed in on the corporate. Raymond James raised their worth goal on Axos Monetary from $67.00 to $81.00 and gave the corporate an “outperform” ranking in a report on Wednesday, July thirty first. Wedbush raised their worth goal on Axos Monetary from $60.00 to $80.00 and gave the corporate a “impartial” ranking in a report on Wednesday, July thirty first. Piper Sandler raised their worth goal on Axos Monetary from $68.00 to $84.00 and gave the corporate an “obese” ranking in a report on Wednesday, July thirty first. Lastly, Keefe, Bruyette & Woods downgraded Axos Monetary from an “outperform” ranking to a “market carry out” ranking and set a $79.00 worth goal on the inventory. in a report on Wednesday, July thirty first. Three analysts have rated the inventory with a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, the corporate presently has a mean ranking of “Maintain” and a mean worth goal of $81.00.
Get Our Newest Analysis Report on Axos Monetary
Axos Monetary Inventory Up 1.1 %
Shares of AX opened at $69.43 on Monday. The corporate has a market capitalization of $3.95 billion, a PE ratio of 9.42 and a beta of 1.43. Axos Monetary, Inc. has a 12 month low of $32.05 and a 12 month excessive of $79.15. The inventory’s 50-day transferring common worth is $65.05 and its two-hundred day transferring common worth is $57.56. The corporate has a present ratio of 1.08, a fast ratio of 1.08 and a debt-to-equity ratio of 0.17.
Axos Monetary (NYSE:AX – Get Free Report) final introduced its earnings outcomes on Tuesday, July thirtieth. The corporate reported $1.80 EPS for the quarter, hitting the consensus estimate of $1.80. The agency had income of $484.29 million for the quarter, in comparison with the consensus estimate of $296.02 million. Axos Monetary had a return on fairness of 18.57% and a internet margin of 23.96%. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.50 EPS. On common, analysts anticipate that Axos Monetary, Inc. will submit 7.22 EPS for the present 12 months.
Axos Monetary Profile
Axos Monetary, Inc, along with its subsidiaries, offers client and enterprise banking merchandise in the US. It operates by means of two segments, Banking Enterprise and Securities Enterprise. The corporate presents deposits merchandise, together with client and enterprise checking, demand, financial savings, time deposit, cash market, zero stability, and insured money sweep accounts.
Additional Studying
Need to see what different hedge funds are holding AX? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Axos Monetary, Inc. (NYSE:AX – Free Report).
Obtain Information & Scores for Axos Monetary Each day – Enter your electronic mail deal with beneath to obtain a concise every day abstract of the most recent information and analysts’ rankings for Axos Monetary and associated firms with MarketBeat.com’s FREE every day electronic mail e-newsletter.
